ANSWERS
What does the procurement policy of an entity reflects? -
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CORRECT ANSWERS ✔✔-The entity's legal system |\ |\ |\ |\ |\
-The goals and values of the entity
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-Policies and practices federal-level entities use to acquire
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goods and services; this may not apply to state or local
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entities
What should the overall purpose of a procurement policy
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manual be? - CORRECT ANSWERS ✔✔-Establish the legal
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authority of the procurement function within the entity.
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-Simplify, clarify, and reflect the laws governing
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procurement
-Enable uniform procurement policies throughout the
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entity
-Build public confidence in public procurement
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-Ensure the fair and equitable treatment of everyone who
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deals with the procurement system
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-Provide for increased efficiency, economy, and flexibility
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in public procurement activities and maximize to the
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fullest extent the purchasing power of the entity
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,-Foster effective broad-based competition from all
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segments of the supplier community|\ |\ |\ |\ |\
-Safeguard the integrity of the procurement system and
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protect against corruption, waste, fraud and abuse
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-Ensure appropriate public access to contracting
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information |\
-Foster equal employment opportunities that are in line
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with legal requirements, in the policies and practices of
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suppliers and subcontractors wishing to do business with
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the entity
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What should policy and procedure manuals be? -
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CORRECT ANSWERS ✔✔They must be well organized and
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should contain a clear definition of the purpose of each
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manual and its intended use.
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What must be done to ensure proper organizational
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impact with a policy and procedure manual? - CORRECT
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ANSWERS ✔✔The Chief Executive Officer of the entity
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should endorse each manual and the manuals should be
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produced in a manner that facilitates revision as changes
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will surely happen through new legislation and increased
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efficiencies in processes. |\ |\
What are two examples of policies that represent entity
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objectives? - CORRECT ANSWERS ✔✔-a set-aside/goal
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that allows an established percentage of the business
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,conducted with an entity to be excluded from the general
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competitive pool and purchased from a specialized class |\ |\ |\ |\ |\ |\ |\ |\
of business
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-a policy that encourages and promotes a recycling
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program which includes procuring recycled goods
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What must Procurement professionals involved in the
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establishment of policy manuals be? - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔-be responsive and adaptive to their
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environments |\
-act in the best interest of the entity
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-be well-informed about the information associated with
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regulations
-provide the support to perform functions within
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established procurement policies and procedures |\ |\ |\ |\
How are procedure manuals written? - CORRECT
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ANSWERS ✔✔They are written at a finer level of detail
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that sets out processes, forms and steps.
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Who primarily uses procedure manuals? - CORRECT
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ANSWERS ✔✔They are primarily used by the end user and
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procurement staff, the procedures manual provides
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guidelines and steps for preparing purchasing |\ |\ |\ |\ |\ |\
requisitions, developing specifications, receiving and |\ |\ |\ |\ |\
, inspection, and reporting and documenting supplier
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performance.
What do procedure manuals detail? - CORRECT ANSWERS
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✔✔They detail the business processes of Procurement
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and describe the entity, duties of staff, signing
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authorities, procedures to be followed, and forms and |\ |\ |\ |\ |\ |\ |\ |\
filing systems to be used.
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What is a supplier manual? - CORRECT ANSWERS ✔✔A
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supplier manual provides formal and extensive
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information for suppliers seeking to do business with the
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entity.
What should a supplier manual include? - CORRECT
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ANSWERS ✔✔-general information about the entity
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-key contacts and telephone numbers
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-how the solicitation process is conducted
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-how to receive an opportunity to participate in entity
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solicitations |\
-a description of the need to be both a responsive and
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responsible supplier |\ |\
-how are are to be submitted, public openings of offers,
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and the policy regarding late submissions
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